New Delhi, March 16, 2012 Giving some relief to tax payers, Finance Minister Pranab Mukherjee on Friday proposed raising the income tax exemption limit for individuals to Rs. 2 lakh per annum from Rs. 1.80 lakh. Unveiling the Budget proposals for 2012-13 in the Lok Sabha, he also increased the limit to Rs. 10 lakh under the 20 per cent tax slab. The current limit is Rs. 8 lakh. “My proposals on direct taxes are estimated to result in a net revenue loss of Rs. 4,500 crore ...
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MUMBAI, January 29, 2012 Portfolio managers will henceforth need to have a minimum portfolio size of Rs 25lakh per client. The Securities and Exchange Board of India (SEBI) on Saturday decided to enhance the minimum investment amount per client managed by portfolio managers to Rs.25 lakh from Rs.5 lakh at present by amending the SEBI (Portfolio Managers) Regulations, 1993. The proposed amendment will ensure segregation of holdings in individual demat accounts in respect of ...
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ROME, January 17, 2012 Italy’s cruise liner tragedy turned into an environmental crisis on Monday, as rough seas battering the stricken mega-ship raised fears that fuel might leak into pristine waters off Tuscany that are part of a protected sanctuary for dolphins, porpoises and whales. The ship’s owner accused the jailed captain of causing the wreck that left at least six dead and 29 missing, saying he made an “unapproved, unauthorised manoeuvre” to ...
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Haridwar, June 8, 2011 (PTI) After striking a conciliatory tone, Baba Ramdev today again took up the issue of police crackdown on his supporters, saying he would set up a 11,000-strong force to deal with police and anti-social elements attempting to disrupt his anti-corruption movement. “I appeal that 20 young men from every district should come here. We will train them in both shahstra (vedas) and shastra (weapons),” Ramdev, who is continuing his strike against corruption, told ...
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